Contraction risk
Expanded lockdown measures and closure of construction sites and worker camps will plunge the housing market into a severe contraction, according to property experts.
All property sectors, except the industrial and logistics market, should brace for a market slowdown of at least 18 months after economic recovery next year.
Thailand's leading hotel operator Centara Hotels and Resorts and Oman's Ibn Saleh Al Hashmi Construction (ISAHC) have announced the signing of a hotel management agreement for Al Hail Waves to be managed by Centara.
Expanded lockdown measures and closure of construction sites and worker camps will plunge the housing market into a severe contraction, according to property experts.
Smaller low-rise housing developers should focus on customer needs and economical marketing strategies as well as improving product quality to increase their competitiveness against larger players who are dominating the market during a property sector slowdown, says a developer.
Investment in Asia Pacific commercial real estate reached US$83.5 billion in the first half of 2021, representing growth of 39% year-on-year, bringing the figure close to pre-pandemic levels, according to the real estate firm JLL.
A growing number of corporate occupiers plan to extend their office footprint in Asia Pacific in the long term, while also pursuing greater flexibility and new hybrid working models, says the international real estate services company CBRE.
All property sectors, except the industrial and logistics market, should brace for a market slowdown of at least 18 months after economic recovery next year.
Thailand's leading hotel operator Centara Hotels and Resorts and Oman's Ibn Saleh Al Hashmi Construction (ISAHC) have announced the signing of a hotel management agreement for Al Hail Waves to be managed by Centara.
Expanded lockdown measures and closure of construction sites and worker camps will plunge the housing market into a severe contraction, according to property experts.
Smaller low-rise housing developers should focus on customer needs and economical marketing strategies as well as improving product quality to increase their competitiveness against larger players who are dominating the market during a property sector slowdown, says a developer.
Central Pattana Plc (CPN) has signed a memorandum of understanding (MoU) to acquire ordinary shares of Siam Future Development (SF) from Major Cineplex Group.
Real Estate firm Sansiri Pcl is partnering with XSpring Digital to accept cryptocurrencies as payments for housing at its projects.
Industrial property developer Frasers Property Industrial (Thailand) or "FPIT" is adopting a purple ocean strategy to tap into both new and current markets with two key pillars: 'creating readiness' and 'differentiation', aiming for revenue growth of 10-15% per annum.
The property sector is using online sales and cryptocurrency to prop up the market.
